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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 441.6 $ 420.7
Cost of revenues:    
Total cost of revenues 321.0 299.4
Gross profit 120.6 121.3
General and administrative expenses 114.6 104.0
Non-rental depreciation and amortization 6.9 5.2
Total operating expenses 121.5 109.2
(Loss) income from operations (0.9) 12.1
Other (expense) income    
Interest expense, floor plan payable – new equipment (2.8) (1.5)
Interest expense – other (13.3) (10.5)
Other income 0.9 1.0
Total other expense, net (15.2) (11.0)
(Loss) income before taxes (16.1) 1.1
Income tax (benefit) provision (4.2) 0.1
Net (loss) income (11.9) 1.0
Preferred stock dividends (0.8) (0.8)
Net (loss) income available to common stockholders $ (12.7) $ 0.2
Basic (loss) income per share $ (0.38) $ 0.01
Diluted (loss) income per share $ (0.38) $ 0.01
Basic weighted average common shares outstanding 33,108,695 32,223,221
Diluted weighted average common shares outstanding 33,108,695 32,430,715
New and Used Equipment Sales    
Revenues:    
Total revenues $ 228.6 $ 219.6
Cost of revenues:    
Total cost of revenues 192.4 179.0
Parts Sales    
Revenues:    
Total revenues 72.9 68.4
Cost of revenues:    
Total cost of revenues 48.3 45.4
Service Revenues    
Revenues:    
Total revenues 64.0 60.2
Cost of revenues:    
Total cost of revenues 27.0 25.1
Rental Revenues    
Revenues:    
Total revenues 48.5 43.5
Cost of revenues:    
Total cost of revenues 6.7 6.1
Rental Equipment Sales    
Revenues:    
Total revenues 27.6 29.0
Cost of revenues:    
Total cost of revenues 19.5 20.9
Rental Depreciation    
Cost of revenues:    
Total cost of revenues $ 27.1 $ 22.9